April 20th 2012 by James Brown
If you have taken responsibility for your debt by making the decision to file bankruptcy let me congratulate you. You’ve made an intelligent and responsible decision for both you and your family. Now that you’ve filed though, you have to take advantage of your fresh start.
It’s important that you find a stable job (or stay with the one you have already). If you don’t have a job you may wonder if it will be tougher to find one because you have filed for bankruptcy. Employers are running credit checks more often now, you should know how to address the topic with them.
The most important thing is you must be honest with them. Do not lie about your bankruptcy. When you discuss your credit history be honest about your bankruptcy, it’s going to be on your credit report anyway. Besides, it was a smart decision, not something to be ashamed of. It’s important to note that many people see their credit score improve after they file for bankruptcy. Also, a successful bankruptcy looks better than a foreclosure or repossession will.
Often times a simple explanation of your bankruptcy can relieve any concerns potential employers would have. You’ll be hard pressed to find an employer who will throw away an application as soon as they find out about your bankruptcy. 1.4 million people filed for bankruptcy in 2009, the number looks like it will be even higher in 2010, no employer (especially not a rational one) can easily dismiss such a large amount of people.
Remember, you should be brief with your explanation. People often file bankruptcy because of unforeseeable circumstances like being laid off, serious medical issues and the huge bills that come with them, or some other horrible event. If your prospective employer informs you they will be running a credit check, explain your situation. You should stress the fact that you have taken the responsible action to protect you and your family.
You do not have to let debt run your life any longer. Otherwise what was the point of filing for bankruptcy in the first place? The process of filing for bankruptcy can be an intricate one. Everyone has different circumstances. When explaining your bankruptcy, keep your explanation short. You should make light of it and then move forward to what is really important: your experience and why you are right for the job you are seeking.